Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-03-17

OFFICE OF THE GAZETTE,
FORT WORTH. TEX. March l6, 1887.
Trade was above an average to-day,
and was particularly active in retail
groceries.
Early vegetables are coming into
market now in large quantities.
1t appears that no butter is in the coun-
Try and it is in greater demand than
ever.
THE STATE OF TRADE.
Special kilograms to BrRdstreet's from
sixteen out of twenty-five cities reported
yesterday, announce moderate improve
ment in the distribution of general mer-
chaRdise during the week. At New York,
Boston, Pittsburg, Cleveland, Kansas
City and San Francisco, lobbers report
trade fairly active with no special change
noted. The weather west, northwest and
southwest has been more Season
able, and business has felt this.
The cancellation of existing rail-
way freight contracts after April 6,
owing to the Interstate commerce law,
has affected trade this week. Many
large shippers having contracts for sea
SOB delivery during 1887 have rushed
shipments by rail. At the west lumber
anu ShlJ Sulpu6u nave UCSA III
like reasons. Other shippers have held
goods back, but this has proved the ex-
ceptIon. East-bound grain rates have
been badly cut, in some cases 20 cents,
and even II cents per 100 pounds having
been accepted from Chicago.
Strikes of industrial employees thus far
| during March have been numerous, but
the number of employees involved has
a. iob
is less than One-hslf the rate prevalent
during January. But no less than $4,000
| industrial employees have been thrown
! out of work by strikers within ten days,
making record of $4,000 idle employees
thus far during the month. The real es-
| tate ''boom" continues at st. Paul, Min
neapOlis, Chicago, Omaha, Kansas City, st.
| Joseph, and approaches something like q
speculative mania at Nashville, Knoxville,
! and Chattanooga, Tenn, and 1T Birming-
| ham and other points in Alabama. Do
nestle money markets continue active,
and rates for call loans have increased at
interior points. New York and Boston
and Milwaukee are sending funds west.
! Chicago is drawing on the east, but Gin
cinnati and Kansas City are receiving re-
mittances from the interior. Better
weather has improved mercantile colleC-
tons. At New York money is firmer,
owing to the drain westward. Exchange
is lower on renewed foreign purchases of
stocks.
Bank clearings at thirty-six cities this
week, as exclusively wired to Brad
streets, aggregate 81 ,003, 442, 800, loss
of $50, 900, or per cent, this week,
and gain of l61 per cent. as compared
| with like week last year. The announce
ment that "deal" was in progress by
which Mr.. Garrett might sell a cOntroll-
ing interest in Baltimore and
Ohio stock to Mr.. Sully and as
soCiates, and the uncertainty sur
rounding the transaction, kept me stock
market in dull and feverish condition,
the general tendency being to await de-
velopments. To some extent the market
shows slight declines on this situation.
Transactions on the New York Stock Ex-
change tor the week were l,553 ,279
shares, against I,44l, 488 shares for the
preceding week and I,879,962 shares for
the same week last year.
The Ideal" in May wheat, based, as al
legged, on an attempt to corner that
months deliveries at Chicago, has quoted
under the influence of a government re-
port announcing l5,0U0,0 600 bushels larger
invisible with the 100000 bushels
heavier visible supply than one year ago.
Nevertheless, the ablest statistiCisns claim
that the United Kingdom, France and
other European importing countries will
have, to import about 10000, 900
bushels prior to August next,
with but 10000, 900 bushels
available from the United States, and
probably not over one quarter that guam
tity from other sources of supply. Prices
advanced 2@3c, but went off again, clos
ing at New York at g2c, cash, against
9I9c last week. The Chicago pork deal
has quieted down, and recent transac-
lions have been merely in the way Of set
Elements. Sugar ard coffee are in better
demand, with prices tending upward.
The distribution of dry goods has been
rather active at the larger centers of dis
tribuon, particularly for cottons and
other seasOnabIe varieties. Wool is quiet
and in buyers favor. Shearing begins in
Texas next month and concessions in the
near future are likely. Spot cotton is
&c higher at leading markets on It's
statistical position and strong foreign
advices. The south is notably firm.
= Bradstreet's.